https://www.theepochtimes.com/us-manufacturing-exodus-from-china-gets-underway
Move is mainly to Vietnam, Burma, the Philippines, and Bangladesh, per supplier inspection data.
WASHINGTON—The CCP virus pandemic has put global supply risks into the limelight, and recent data compiled by a Hong Kong-based supply chain inspection company shows that U.S. firms have already started moving their sourcing away from China.
A manufacturing exodus was already underway due to the uncertainties created by the U.S.–China trade war in 2019. The CCP (Chinese Communist Party) virus, also known as the novel coronavirus, has accelerated that trend and encouraged more companies to reduce their excessive dependence on China as a single supplier.
Much of the manufacturing is moving to Southeast Asia and South Asia, according to a report by Qima, a Hong Kong-based quality control and supply chain inspection company. The Qima report is based on data collected from tens of thousands of supply chain inspections conducted globally for consumer goods brands and retailers. Companies use these inspection reports to make decisions about whether to migrate to a new supplier.
In the first two months of the year, demand for inspections and audits from North American buyers increased by 45 percent year-on-year in Southeast Asia, with Vietnam, Burma (also known as Myanmar), and the Philippines reaping the benefits, the report stated.